Siaran Pers: Perkuat Penegakan Hukum Pasar Modal, OJK Kembali Tetapkan Sanksi Pelanggaran Manipulasi Saham, Informasi Menyesatkan, dan Penyalahgunaan Rekening Nasabah

The sanctions announced in SP 217/DKPU/OJK/X/2026 target three distinct failure modes: market manipulation, misleading information and misuse of client accounts. For compliance leaders, the significance lies less in the individual penalties than in the pattern. OJK is coupling supervisory expectations with visible, deterrent action, and it is doing so across both issuer disclosure and intermediary conduct.

The first message is that disclosure integrity is being enforced, not simply supervised. Firms with Indonesian listings, dual-listed structures or local issuance programmes should test whether their market communications, social media output and forward-looking statements meet OJK's misleading-information threshold, not just the local listing rules. The second message concerns client account controls.

Misuse of customer accounts typically sits at the intersection of onboarding, order handling, segregation and employee conduct. Broker-dealers, wealth managers and any firm routing orders into Indonesian markets should re-verify that account authority, beneficiary ownership and trading mandates are documented and monitored, and that surveillance can detect unusual or unauthorised trading patterns. What this means for compliance teams: treat OJK enforcement releases as a live risk indicator rather than background noise.

Where your group has Indonesian exposure, review surveillance coverage for spoofing, layering, wash trades and coordinated account activity; refresh market abuse training; and confirm escalation paths for suspected manipulation. Firms without direct exposure should still note the direction of travel, as regulators increasingly align enforcement narratives and penalty expectations. Recommended next steps include a targeted gap assessment against these three themes and documented evidence that controls have been tested, not merely designed.